House Committee on Natural Resources Advances Historic Natural Resources Reconciliation Title
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The House Committee on Natural Resources held a full committee markup on the committee’s budget reconciliation instructions.
“Today, committee Republicans took decisive action and advanced our portion of the one big, beautiful reconciliation bill. We’re generating more than $18.5 billion in new revenue and savings for the American people by unleashing the United States’ abundant natural resources. These budgetary measures will deliver on President Trump’s agenda to make our nation energy dominant today and into the future,” said Committee Chairman Bruce Westerman (R-Ark.).
“I’d like to thank all of our committee members for their tireless work on this legislation, and I look forward to supporting it through the legislative process,” said Committee Chairman Bruce Westerman (R-Ark.),” added Westerman.
BACKGROUND
The legislation generates revenue and implements savings across federal agencies, in total reducing the federal deficit by an estimated $18.5 billion.
Provisions include:
• Reinstating quarterly onshore oil and gas lease sales, generating $12 billion in revenue.
• Mandating at least 30 lease sales in the Gulf of America over the next 15 years and six in the Cook Inlet,
generating billions of dollars in new revenue.
• Returning to reasonable oil and natural gas royalty rates.
• Requiring geothermal lease sales, generating $23 million in new revenue.
• Resuming leasing for energy production in the National Petroleum Reserve in Alaska and the Arctic National
Wildlife Refuge, generating over $1 billion in new revenue and savings.
• Resuming coal leasing on federal lands.
• Increasing timber sales on federal lands and requiring long-term timber contracts.
• Rescinding various wasteful slush funds established under the Biden administration in agencies such as the
National Oceanic and Atmospheric Administration, the National Park Service, and the Bureau of Land
Management.
• Investing in water infrastructure in the West.
• Providing funding to celebrate America’s 250th anniversary, including by establishing the National Garden of
American Heroes.
Read the full committee markup HERE.
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